ARC Resources Ltd T.ARX

Free fall

[traderfrom]

What's happening ??

[Trapped]

Meh, garden variety summer doldrums. Also, the BRFN is challenging BC's resource sharing agreement, so maybe some uncertainty around that. All I can say is I hope they're buying back shares hand over fist. Cheers and GLTA ARX Bulls.

[Quintessential1]

Agreed Trapped!  Yeah ARX is down 6% in the last 5 days but it is also only down 6% over the last month. That is not freefall It is still up over 20% YTD I'll second the "BUYBACKS" sentiment. GLTY and all ARX BULLS

[Quintessential1]

With regards to the BRFN settlement I can only say wtf? https://energeticcity.ca/2024/07/08/blueberry-river-first-nation-files-new-claim-against-b-c-government/ If the BC government let ARX and any other E&Ps come to FIDs based on an agreement that was not made in ironclad good faith then I smell a lawsuit and not just for the BRFN. Hopefully this is just going to affect those lands within

[Quintessential1]

Just want to add that ARX's dip seems isolated an not sector wide based on some peeks at peers. It seems to me that other producers are at more risk from potential BRFN fallout having lands well within the Gundy Plan. Also found this: "In a June 17 email obtained by CJDC-TV, Chief Judy Desjarlais says she was opposed to any litigation against the province. Desjarlais said -a